Economists systems describe how a society distributes scarce resources. Contrast how resources are distributed in a market-based system vs a centrally-planned system.
Economists systems describe how a society distributes scarce resources. Contrast how resources are distributed in a market-based system vs a centrally-planned system.
Chapter1: Introducing The Economic Way Of Thinking
Section: Chapter Questions
Problem 14SQ
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Economists systems describe how a society distributes scarce resources. Contrast how resources are distributed in a market-based system vs a centrally-planned system.
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